Supervision, Credit Risk, & Statistics (SCS) Intern - Summer 2026

Company

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is part of the nation’s central bank. We’ve provided many opportunities for professional growth during our history.

For twenty-six years in a row, we’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.

Our People Make the Difference! The Federal Reserve Bank of Cleveland is seeking innovative thinkers with vision to build the framework that will carry the Bank into the future.

Follow us on LinkedIn, Twitter, Instagram, and our YouTube channel – Cleveland Fed.

To be considered for this role, candidates must be a U.S. citizen, permanent resident, or green card holder.

Our interns will work onsite at our Cleveland, Ohio location. We’re looking for collaborative and innovative full-time students entering their sophomore year or beyond. Our student interns work 40 hours per week for the duration of a 10- to 12-week internship that starts as early as June and ends as late as September, depending on student schedules and business needs. The expected starting salary range for this position is between ​$20 and $23 hourly. Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and market data

Take your skills to the next level and gain valuable experience contributing to work within Supervision, Credit Risk, & Statistics (SCS).

Supervision, Credit Risk, & Statistics (SCS) Intern Responsibilities May Include:

• Conduct research and analysis on top and/or emerging risk topics and financial condition reviews of financial institutions within the Fourth District.
• Participate in reviews of state member banks and bank holding companies through activities such as field examinations, ongoing monitoring, review of reports and workpapers, and regulatory filings.
• Assist Credit Risk Management with data validation and eligibility reviews of loan collateral pledged to the Discount Window.
• Assist discount window lending teams to identify business process improvements, efficiencies, and design a process automation pilot.
• Help teams identify business process improvements, efficiencies and design and/or implement analytical solutions leveraging emerging technologies (AI/ML).
• Assist with data validation and reporting accuracy and integrity.
• Help with preparing training materials for upcoming seminars.
• Engage in leadership and career development activities for your future.

Requirements for SCS Internships:

• Currently pursuing an undergraduate or graduate degree in Finance, Economics, Business Analytics, Data Science or a related field with a minimum GPA of 3.0. Should have at least one semester left to complete in school.
• Strong computer/technical skills required. Proficiency with Microsoft Office products, specifically Excel and Access (proficiency or familiarity with programming in Python, R, SQL, etc. is a plus).
• Ability to work in a deadline driven environment and ability to multitask.
• Ability to work both in a group setting and on an individual basis.
• Strong oral and written communication skills.

What We Offer:

• Hands-On Experience: Gain practical experience and insights into the operations field through real-world projects and challenges.
• Mentorship: Receive guidance and mentorship from experienced professionals who are committed to your development.
• Networking Opportunities: Build connections within the industry and with fellow interns and employees.
• Professional Development: Participate in workshops, training sessions, and seminars designed to enhance your skills and knowledge.

This position requires access to confidential supervisory information, access to which is limited to "Protected Individuals" as defined by regulation of the Board of Governors of the Federal Reserve System. Protected Individuals include, but are not limited to, U.S. Citizens, U.S. Nationals, and lawful permanent resident aliens (also known as "green card holders") but do not include (i) a permanent resident alien who fails to apply for naturalization within six months of the date the alien first becomes eligible to apply for naturalization and (ii) an alien who has applied on a timely basis, but has not been naturalized as a citizen within 2 years after the date of the application, unless the alien can establish tha